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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4548436 times)
dEBRUYNE
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December 14, 2014, 01:15:11 PM
 #18121

Crossposting for info:

BCN price is easier to keep propped up, because it is doubtful that more than 5% of the supply has ever been in the hands of the public (others than the BCN team).

XMR is more subject to market forces, since the number of people holding more than 1% of the XMR is rather large, and any one of them may decide to call it quits and dump. Similarly the existing, or new, people can buy. Trying to either suppress or pump the price in this environment are losing propositions.

Smartest thing I've heard you say in a month. Welcome back. Wink

Exactly Smiley

Anyway, I have been really busy lately, whatever has come out of the discussion to change the mining rate of Monero?

Nothing has been decided yet AFAIK. I think it's hard to find a consensus on such a thing, so it will probably not be changed.

PS: This is just my personal opinion.

The MEW executives, the largest voteholders, and the core team members, have been searching for a concensus for quite a long time now. Since such has not been reached, there is no realistic alternative to leaving the emission just as it is now. This is also enjoying the greatest support of all alternatives, so we can safely say that it is the best choice as well.





&



Exactly Smiley

Anyway, I have been really busy lately, whatever has come out of the discussion to change the mining rate of Monero?

Its not going to happen.


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David Latapie
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December 14, 2014, 01:29:14 PM
 #18122

And now 4 giga fucking byte is considered short...
Valid point, but I'd just say that at 4 GB you are pretty close to a critical point where even a small increase would have a disproportionately large benefit.
This was more a general consideration about loss of efficiency in computer at large, loss itself encouraged by ever-increasing hardware, ever-diminishing time-to-release and dare I say less proficient coders (which on the plus side lowers the barrier to entry). Granted, this also allows long filename and ubiquitous use of Unicode, but still... Wirth's law.

* David Latapie remembers working on a 486DX
DX and SX for with and without internal maths co processor if I remember
Yes, the x87.

Monero: the first crytocurrency to bring bank secrecy and net neutrality to the blockchain.HyperStake: pushing the limits of staking.
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December 14, 2014, 01:51:15 PM
 #18123


If you delete it, it is a good idea to use a "secure erase" or "shred" type utility. Otherwise the contents may stick around in file system free space. Less of an issue for SSDs, depending on OS and other factors.


Good point, smooth. I will definitely add that into the popup that comes up after you create a new wallet.

yes it will be more specific function.

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David Latapie
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December 14, 2014, 02:07:19 PM
 #18124

We updated the OP to clarify that the "tail emission" (minimum subsidy after the ~18.4 millions are mined) is less than 1% per year (not "weekly", "monthly"...).

[2] Actual number of atomic units is M = 264 - 1. A minimum subsidy may be implemented in the future with <1% annual inflation to preserve mining incentives.

It had always been clear in our mind, but we got feedback that that was not the case for anyone. The danger of assumption Smiley

Monero: the first crytocurrency to bring bank secrecy and net neutrality to the blockchain.HyperStake: pushing the limits of staking.
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wpalczynski
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December 14, 2014, 03:34:29 PM
 #18125

486/DX 33 4 megs of ram and a whopping 130 meg HD was my first PC.

Those were the times! Smiley

* David Latapie remembers working on a 486DX

DX and SX for with and without internal maths co processor if I remember

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December 14, 2014, 04:10:37 PM
 #18126

Did u guys ever tried to solder RAM modules together, multiply total amount? Smiley
Those were the times indeed...



486/DX 33 4 megs of ram and a whopping 130 meg HD was my first PC.

Those were the times! Smiley

* David Latapie remembers working on a 486DX

DX and SX for with and without internal maths co processor if I remember

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December 14, 2014, 04:49:06 PM
 #18127

I'd like to announce the first alpha release of my unofficial lightweight GUI simplewallet wrapper, lightWallet. Using this program, you don't need to run the bitmonerod daemon on your own computer or do anything on the command line. By default it uses hegemoOn's (a long time Monero supporter) open node, although you can change it to use a different node (Atrides recently announced another one, for instance), or you can set it up to use a local daemon.

The release binary ( https://github.com/jwinterm/lightWallet/releases/download/v0.0.1-alpha/lightWallet.exe ) is a single file that has simplewallet.exe wrapped up inside of it, so you do still still need a 64 bit machine. Please check out the README.md file here as well:
https://github.com/jwinterm/lightWallet

I'm still working on the tx history part, and I'd like to add an address book, but since simplewallet itself doesn't really have either one of these features, I figured I'd go ahead and release it, since we have (at least) two open nodes to choose from now Smiley

The program should work to create new wallets or import non-deprecated wallets from their keys file (wallets with an electrum seed). There is an issue with simplewallet itself that prevents importing deprecated wallets at the moment, but this should be fixed in the next simplewallet release. The created/imported wallets will be stored in your My Documents folder in the lightWallet folder.

Here are a couple screenshots of the first two tabs:





Let me know what you think. I hope some people find it useful.

Superb Jwinterm and peoples don't forget the donate button for jwinterm and hegemoOn Smiley
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December 14, 2014, 05:09:29 PM
 #18128

Nice GUI wallet.  Good job.  Things are starting to happen Smiley !!

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December 14, 2014, 05:15:44 PM
 #18129

* David Latapie remembers working on a 486DX

DX and SX for with and without internal maths co processor if I remember

Yup and the 386sx was 16bit instead of 32. 486dx/sx caused alot of confusion at the time. Wink

Did u guys ever tried to solder RAM modules together, multiply total amount? Smiley
Those were the times indeed...

hell yeah, I used to upgrade PC-jr boards to XT. I still remember you needed to add the u226 chip for the extra mem controller. Cheesy

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December 14, 2014, 08:23:43 PM
Last edit: December 14, 2014, 08:37:23 PM by 5w00p
 #18130

I'm pretty sure that most of these scam ICOs, if not all of them, involve the scammers running their own BTC through the ICO and ending up with both the BTC and the coin. So a disguised premine, with some extra BTC (but a much smaller unknowable amount) from idiots as a bonus.
I confirm from acquaintances: ICO are faked.

On a particular machine, sure. For example, if you are swapping lot, that will indeed happen on lot faster on a SSD, so it will speed up, but the underlying cause of the bigger slow down is the lack of RAM. People were talking about many minutes to an hour for a save. That is not pushing the limits of any HDD sequential speed, at all.
Old machine: Mintbox, 4Gb, 5400 RPM HDD, 4Gb. More than one hour
New machine: Laptop, 4Gb, SSD. A dozen minute top.

See bolded above. SSD helps a lot if you are already short of RAM (which at 4 GB, you are). Bump up the RAM on there and a dozen minutes will be down to a minute or two (more or less regardless of drive).


I like you smooth, and I love that you are a XMR dev, but I will give 2 XMR just to see you admit that you were incorrect, for once.

You are (unsuccessfully) arguing that the write speed of a drive is irrelevant to the time required to write a file to a drive.  Huh

I think you need to learn what fsync does and whether or not there is one in the daemon.

But this is off topic for the thread, so let's stop now.

Whatevs you say, Boss.

You still haven't made a point, however. You are proabaly a good dancer, because you dance around a point like a friggin' ballerina. Every time someone makes a point that contradicts your lackluster effort to attribute everything except a drive's write speed to being relevant to the time required to write a file to a drive, you dodge left, dodge right, jump up, squat down, whatever it takes.

Don't worry, I will open a new thread (and link to it here) with results on installing a SSD in a machine and the change in time required to write the blockchain to said SSD, in comparison to writing to a magnetic HDD, all other factors being unchanged.

It's called science.
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December 14, 2014, 08:35:44 PM
 #18131

Hi all - MyMonero is back up. The emergency maintenance was a situation out of our control, but as you correctly surmised there is nothing we could do to steal funds (we never know or control your spend key).

With regards to future functionality, allowing an import of short-key style wallets into simplewallet, that is definitely something MyMonero will work on and then submit to the Monero Project as a pull request.

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December 14, 2014, 09:02:50 PM
 #18132

Hi all - MyMonero is back up. The emergency maintenance was a situation out of our control, but as you correctly surmised there is nothing we could do to steal funds (we never know or control your spend key).

With regards to future functionality, allowing an import of short-key style wallets into simplewallet, that is definitely something MyMonero will work on and then submit to the Monero Project as a pull request.



i missed you mymonero  Grin


thanks fluffypony!

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December 14, 2014, 09:53:29 PM
 #18133

Nice GUI wallet.  Good job.  Things are starting to happen Smiley !!

I haven't had a chance to check out the lightweight wallet, but it sounds like another great recent development, to put alongside MoneroClub, and Mymonero.

It certainly feels like Monero is building momentum.  Smiley
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December 14, 2014, 10:02:11 PM
Last edit: December 14, 2014, 10:23:49 PM by smooth
 #18134

Don't worry, I will open a new thread (and link to it here) with results on installing a SSD in a machine and the change in time required to write the blockchain to said SSD, in comparison to writing to a magnetic HDD, all other factors being unchanged.

It's called science.

If you are testing Monero on actual configurations go ahead and post it here. To see the effect I'm describing -- where disk speed stops mattering to a large extent if you have enough RAM (and eventually, at all) -- you will have to include a range of RAM sizes from 4-8 GB and perhaps somewhat higher, on Linux.
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December 14, 2014, 10:18:06 PM
 #18135

Don't worry, I will open a new thread (and link to it here) with results on installing a SSD in a machine and the change in time required to write the blockchain to said SSD, in comparison to writing to a magnetic HDD, all other factors being unchanged.

It's called science.

If you are testing Monero on actual configurations go ahead and post it here. To see the effect I'm describing -- where disk speed stops mattering to a large extent if you have enough RAM (and eventually, at all) -- you will have to include a range of RAM sizes from 4-8 GB and perhaps somewhat higher on Linux.

Honestly, anything below 8GB RAM is so 90th...
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December 15, 2014, 01:19:26 AM
 #18136

Can someone explain to me who only occasionally watches Monero why it's going to shit pricewise? When I took a look at investing into monero but didn't it was at like $2, now coinmarketcap says it's trading at $0.37. WHY? Is Monero still working, is it still an untracable, anonymous crypto? Was it overtaken by a competitor? What's happening? I heard there was some trouble about attacks on the network and anonymint claiming he has broken monero or something. What's the state now? Monero looked super promising to me. Is there any real goods market for it? Shouldn't it attract certain types of markets for it's anonymous properties?

Would be happy to hear a short summary or at least link because there seem to be quite a of very long threads to read through to get informed.

There was one attack, but that happened before the price drop and was quickly patched, and the bcx/anonymint noise turned into much ado about nothing. (BCX was nothing but pure FUD bullshit -- probably run by a competitor. Anonymint now supports ring sigs as the most viable method of anonymity, as far as I can tell, though some minor tweaks continue to be needed in his view, and I don't necessarily disagree.)

Since that time we have added a web wallet, fixed a bunch of bugs, released a few test versions with a database, and now had someone launch a Monero version of localbitcoins. Still, the price drops.

No, the only reason it is going all to shit pricewise is simply supply and demand and nothing about the tech at all. There is a lot of mining and we just ran out of people who wanted to accumulate (in the current overall pretty negative crypto-environment). At this point the only way to find buyers for the mined coins is for the price to drop where people will average down. Until some equilibrium is reached, whenever that might be.

Better discussion for the Speculation thread though, since there is nothing fundamentally wrong with the technology as you say. It is all a market effect.
Thank you. Nice to see that Monero seems live and kicking. I hope it will find some usage in the RL world. Anonymity is much needed and bitcoin doesn't cut it for this purpose aynmore. Many of the super new coins coming with super elaborate schemes with them sound like a whole bunch of vapourware. Monero is something I can get behind.
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December 15, 2014, 03:58:43 AM
 #18137

thanks smooth!

i'm up and running.. nice to see more p2p nodes, very encouraging sign...

thanks smooth, i'm re-downloading the blockchain and try to resync again...should i remove old p2pstate and poolstate files once i put in the new blockchain?

2014-Dec-14 10:16:47.867387 ERROR C:/bitmonero/src/common/boost_serialization_helper.h:108 Exception at [unserialize_obj_from_file], what=basic_filebuf::underflow error reading the file

Looks like a corrupt blockchain save file. Unless you can restore it from a backup you will need to download a new one, or resync the whole chain.

I don't know why it happened. Maybe you ran out of free disk space while saving it? That is just a guess.



Unless you have other problems you can leave them

p2pstate - list of nodes to try to connect to
poolstate - unconfirmed transactions sent by you or others

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December 15, 2014, 08:12:17 AM
 #18138

Hi all - MyMonero is back up. The emergency maintenance was a situation out of our control, but as you correctly surmised there is nothing we could do to steal funds (we never know or control your spend key).

With regards to future functionality, allowing an import of short-key style wallets into simplewallet, that is definitely something MyMonero will work on and then submit to the Monero Project as a pull request.



i missed you mymonero  Grin


thanks fluffypony!
Great, I'm happy!

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December 15, 2014, 09:30:53 AM
 #18139

Don't worry, I will open a new thread (and link to it here) with results on installing a SSD in a machine and the change in time required to write the blockchain to said SSD, in comparison to writing to a magnetic HDD, all other factors being unchanged.

It's called science.

If you are testing Monero on actual configurations go ahead and post it here. To see the effect I'm describing -- where disk speed stops mattering to a large extent if you have enough RAM (and eventually, at all) -- you will have to include a range of RAM sizes from 4-8 GB and perhaps somewhat higher on Linux.

Honestly, anything below 8GB RAM is so 90th...


certainly for us, but 4GB is the most common in the mainstream market.
and IMO, it's not a problem because there is at least two solutions: new wallet with db (in the future) and mymonero.com (right now)

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December 15, 2014, 09:51:28 AM
 #18140

SSD installed.

Just under 30 seconds to write the blockchain to disk.
It was just under 45 seconds on the same machine with a HDD.

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